Cumulative revisions to monthly jobs reports from January through November 2023 suggest that at least 443,000 fewer jobs were created in Joe Biden’s economy than the public was initially told…
When Good News Is Bad News Is Good News – The Jobs Report Reversal…
Over the last two months, the S&P 500 peaked at about 4,600 at the end of July and closed today at about 4300. That about a 7% haircut for a 401k or IRA holding “the market.” Of course, this was not a straight line fall but rather quite a volatile one marked by a strong bear market trap push back to around 4,500 on September 1…
Biden’s Labor Department Adjusts Jobs Created Downward to 306k…
Those rosie job reports aren’t so rosie after all…
Inside Today’s Disastrous Jobs Report: 1 Million Surge In Part-Time Jobs As Full-Timers Crash Amid Staggering Downward Revisions…
Regular readers are aware that earlier this year we spotted a peculiar trend when it comes to economic data releases by the Biden admin which – without fail – had been revised lower…
July Jobs Report – 1.8 Million Jobs Recovered…
The Bureau of Labor Statistics released the July jobs report earlier this morning. Overall during this phase of the economic recovery the U.S. added 1.8 million jobs in July, with strong recovery in: Leisure and Hospitality (+592k), Retail Trade (+258k) and professional and business services (+170k). Strong steady gains continue in manufacturing, construction and transportation […]
MAGAnomics – April Jobs Report: +263,000, Unemployment Rate 3.6%, Wage Growth +3.2%…
The Bureau of Labor Statistics (BLS) releases the April 2019 jobs report and the results are excellent. It’s a home run for MAGAnomics as the trifecta continues: Job gains +263,000, Wage growth +3.2%, Inflation low at 1.4%. With a gain of 263,000 new jobs in April, the overall unemployment rate dropped to 3.6%. There are […]
Unemployment Rate Falls to the Lowest Since 1969…
Here’s Where Job Growth Picked Up in April…
February Payrolls Shocker: U.S. Adds Only 20K Jobs, As Wage Growth Soars…
Just as we warned moments ago when we cautioned that the whisper number is for a sharply lower print than the expected 180K print, moments ago the BLS confirmed that in February the US labor market hit a brick wall, or perhaps a blizzard, when it added just 20K jobs in February…
Dow Surges 746 Points on Fed Chair Remarks, Jobs Blowout…
Stocks surged with the Dow Jones Industrial Average rising 746 points Friday after Federal Reserve Chair Jerome Powell said the central bank is prepared to adjust policy quickly and flexibly. His comments followed a blockbuster jobs report for December which saw annual wages jump the most since 2008. The Dow’s gain of 3.2 percent is […]